Monthly Rent Report
ZIP 60505 Rent Report — January 2023
Asking rents in ZIP 60505, Chicago, from 6 listings.
Median 1BR rent in ZIP 60505 was $1,095 in January 2023, down 4.8% (−$55) from December 2022. The middle half of 1BR listings asked between $1,095 and $1,095. That puts ZIP 60505 $255 below the Chicago citywide 1BR median of $1,350. The month's figures are based on 6 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $965 | +$15 (+1.6%) | — | $958 – $973 | 2 |
| 1BR | $1,095 | −$55 (-4.8%) | — | $1,095 – $1,095 | 1 |
| 2BR | $1,295 | $0 (0.0%) | +$45 (+3.6%) | $1,295 – $1,295 | 1 |
| 3BR | $1,395 | −$550 (-28.3%) | — | $1,395 – $1,395 | 1 |
| 4BR | $1,875 | — | — | $1,875 – $1,875 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
ZIP 60505 vs. Chicago — January 2023
| Bedrooms | ZIP 60505 Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $965 | $1,061 | −$96 (-9.1%) |
| 1BR | $1,095 | $1,350 | −$255 (-18.9%) |
| 2BR | $1,295 | $1,698 | −$402 (-23.7%) |
| 3BR | $1,395 | $2,123 | −$727 (-34.3%) |
| 4BR | $1,875 | $2,417 | −$541 (-22.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.